Assay : 99.9% Acetone is an organic compound with the chemical formula (CH3)2CO. Acetone is a colourless, highly volatile and flammable liquid with a characteristic pungent odor . It is miscible with water and serves as an important organic solvent in industry, home, and laboratory. Acetone is used in various industries such as pharmaceuticals, cosmetics, paints, coatings, adhesives, and plastics. It is also used as a solvent by the pharmaceutical industry and as a denaturant in denatured alcohol. Acetone can dissolve or break down other materials such as paint, varnish, or grease.